Romaero Shareholders OK RON59.9M Loan Contraction From CEC Bank

ZF English | Sep 15, 2020 at 6:59 PM
  • Shareholders of Romanian aircraft parts maker Romaero (RORX.RO) on Tuesday approved a decision to contract some credit facilities from lender CEC Bank within a maximum ceiling of RON59.9 million, respectively a RON45.2 million facility, over a 60-month period, to pay its state budget debts, and a RON14.7 million facility, over a 36-month period, to finance its current activity, per a stock market report.